Another 10-billion-yuan fund has been launched in Suzhou.

The Suzhou Major Industry Development Fund will mainly focus on direct investments. Its investment direction will pay attention to the leading enterprises in the terminal industry chain in Suzhou and key enterprise projects that control scarce resources and core technologies in key links.

After the 50-billion-yuan social security fund was launched in Suzhou, another 10-billion-yuan fund has taken action.

Data from Cailian Press Venture Capital Connect - ZHIZHONG shows that on December 1st, the Suzhou Major Industry Development Private Equity Investment Fund Partnership (Limited Partnership) was established with a capital contribution of 4 billion yuan. Suzhou Industrial Investment Private Equity Fund Management Co., Ltd. serves as the fund manager.

According to a reporter from the Science and Technology Innovation Board Daily, this marks the substantial implementation stage of the Suzhou Major Industry Development Fund, which was officially announced in July this year. At that time, it was said that the fund was led by Suzhou State-owned Investment Group, in conjunction with the state-owned assets at the municipal and district levels, with a total scale of 10 billion yuan.

According to the latest industrial and commercial information, Suzhou State-owned Investment Group subscribed to a capital contribution of 2.036 billion yuan, accounting for more than 50%, making it the largest contributor to the fund. In addition, twelve state-owned asset platforms such as Suzhou High-tech Zone Guosheng Capital, Suzhou Transportation Investment, and Suzhou Urban Construction Investment contributed between 50 million and 200 million yuan respectively.

The fund management party is also related to Suzhou State-owned Investment Group. It is reported that the fund's GP - Suzhou Industrial Investment Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Suzhou Industrial Investment") was established in May this year and was introduced to the public in July when the Suzhou Major Industry Development Fund was announced. It is a private equity management platform controlled by Suzhou State-owned Investment Group, with strategic shareholdings from Yuanhe Holdings and Suzhou Venture Capital Group.

A reporter from the Science and Technology Innovation Board Daily noticed that Suzhou State-owned Investment Group is a state-owned capital investment and operation platform under the jurisdiction of Suzhou. It is building three 10-billion-yuan fund clusters: the Suzhou Major Industry Investment Fund, the Suzhou State-owned Enterprises High-quality Development Fund, and the Suzhou Urban Innovation and Development Fund.

Suzhou Industrial Investment is a market-oriented tool for Suzhou State-owned Investment Group's industrial investment layout. Its main business is "industrial investment banking + professional funds", focusing on the layout of strategic emerging industries and future industries, and precisely targeting major industrial projects with innovative industrial investment strategies.

Specifically, "leading enterprises in the industrial chain" are the "keywords" of the Suzhou Major Industry Development Fund. According to Zhai Junsheng, the chairman of Suzhou State-owned Investment Group, the Suzhou Major Industry Development Fund will mainly focus on direct investments. The investment in a single project will be no less than 500 million yuan, and the investment direction will pay attention to the leading enterprises in the terminal industry chain in Suzhou and key enterprise projects that control scarce resources and core technologies in key links.

At the same time, it will serve the national and provincial strategic layouts, actively guide central enterprises to make industrial layouts in Suzhou, proactively layout major industrial projects with disruptive technological potential such as artificial intelligence, deepen cooperation with major research institutions, and promote the transformation of cutting-edge technological achievements and industrial breakthroughs.

Since last year, Suzhou has focused on cultivating "leading enterprises in the industrial chain". In 2024, a total of 272 enterprises were promoted to enter the cultivation library for "leading enterprises in the industrial chain", and 3 national advanced manufacturing clusters and 5 provincial characteristic industrial clusters for small and medium-sized enterprises were newly added.

Local state-owned assets in Suzhou told a reporter from the Science and Technology Innovation Board Daily that the local state-owned mother funds have formed a regular model of jointly launching sub - funds with leading enterprises in the industrial chain, driving the development and growth of upstream and downstream enterprises in the industrial chain through benchmark leadership.

Special statement: The content of this article is for reference only and does not constitute investment advice. Investors shall bear the risks associated with their operations based on this information.

This article is from the WeChat public account "Venture Capital Daily", author: Yu Shiqi, published by 36Kr with authorization.